Tuesday, July 23, 2024

NV Energy proposes to spend billions on photo voltaic, pure fuel and transmission tasks | Energy

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NV Energy has filed a plan to spend massive sums of cash so as to add assets to its system to maintain up with Nevada’s development.

NV Energy filed a useful resource plan with the Public Utilities Commission on Friday that outlines what tasks the utility must construct together with three photo voltaic fields, two pure fuel generators and new transmission infrastructure tasks and upgrades. . The plans additionally embrace a billion-dollar worth improve for the Greenlink Nevada transmission mission. The plan grew to become accessible to the general public on Thursday.

The up to date price for the Greenlink Nevada mission is now about $4.1 billion, a rise of about $1.2 billion from the final estimate supplied by NV Energy in February.

“In latest years, the price of constructing transmission infrastructure has seen a dramatic improve based mostly on inflation, provide chain constraints, and labor charge will increase. The Greenlink mission shouldn’t be resistant to that improve,” NV Energy stated in its utility.

The two pure fuel generators, which is able to price $573.3 million, are proposed for the North Valmy Generating Station in Humboldt County. The generators will generate greater than 400 megawatts of energy, NV Energy stated. The three photo voltaic fields, with totally different worth tags, will generate greater than 1,000 megawatts of photo voltaic vitality and battery storage.

One megawatt of vitality can energy 750 – 1,000 properties, in keeping with the California Independent System Operator, which oversees California’s vitality market. So NV Energy’s proposed pure fuel turbine may energy 300,000 – 400,000 properties and the photo voltaic tasks mixed may energy 750,000 to 1 million properties.

Natural fuel generators needs to be operational by mid-2028, and photo voltaic tasks ought to come on-line between 2026 and 2027.

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The plan contains greater than 20 transmission tasks and upgrades totaling $813.2 million. These transmission tasks ought to all be accomplished between 2026 and 2031, NV Energy stated.

NV Energy CEO Doug Cannon stated the useful resource plan balances the must develop the corporate’s community and buyer issues about costs.

“This is our path ahead and these are our precedence tasks to satisfy the present and long-term wants of our present and future clients,” Cannon stated, in an announcement. “The requested assets current a balanced portfolio that can cut back NV Energy’s reliance on costly and unreliable market assets and place Nevada to proceed to supply dependable vitality companies at a price beneath nationwide common and greater than 50 % cheaper than the vitality charges paid by California residents.”

If authorised and constructed, NV Energy clients can pay most of the price of the tasks with greater electrical energy charges.

The PUC has 180 days to think about NV Energy’s useful resource plan, which means a call have to be made by the tip of November.

This story is creating. Check again later for updates.

Contact Sean Hemmersmeier at [email protected]. catheter @seanhemmers34 in X.





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